I’ve had an initial read through the prospectus for yet another Newco, this time Rangers International Football Club plc, which “was incorporated with the intention of acquiring RFCL upon Admission in order to allow an investment in the Company to qualify for VCT and EIS tax relief”.
There can be no qualms from HMRC that anything has been hidden from them this time, incorporated to allow an investment to qualify for tax relief. RFCL (Rangers Football Club Limited) is not eligible for VCT and EIS tax relief, so the incorporation of a new company was necessary. HMRC provisions require VCT and EIS schemes to be used for genuine trading purposes, not as part of a tax avoidance scheme, so I’m sure the Newco’s lawyers have got all their details correct.
On the subject of getting details correct, the prospectus notes there are 33,415, 200 RFCL shares in issue. It then goes on to list the shareholdings of entities which own over 3% of the company, and lists 36,385,200 shares in this category. Shares held by entities with less than 3% of the company’s shares, such as the £700k-basic-per-annum-Ramsdens-Cup-flop McCoist, are on top of this 36million.
The prospectus also notes that if the issue is fully subscribed the new shareholders will own 63.3% of shares, not the 53.6% my calculator suggests (existing shares: 33.4152m, placing: 24.242875m, offer: 14.285714m).
Charlie Green is paying £2.5m for this issue, perhaps the cost of a calculator would have blown the budget.
Most curiously of all, the identity of those behind Blue Pitch Holdings, remains undeclared.
As you should know by now, the year ahead is an enormous one for the club. Many among the support, and at the club, want to use our 125th year to reaffirm why we are more than just a football club – we are a humanitarian phenomenon.
You are going to hear a lot about this over the next 12 months but this week you, me and everyone else are called to assist Teenage Cancer Trust and Celtic Charity by supporting a totally unique opportunity.
One of the world’s genuine A-list celebrities is lending his talent to our cause. Today, Rod Stewart’s new single, Have Yourself a Merry Little Christmas, is released in aid of Celtic Charity and Teenage Cancer Trust. You can download or buy a CD from Amazon, Play.com or, if you really want to, iTunes.
I want the objectives of the 125 4 125 campaign to succeed. This is a year when the Celtic Movement can push ahead in a way no other club or group can. The Rod Stewart brand gives us an opportunity to raise the profile of the larger campaign higher than the combines efforts of thousands of us online. He’s also a genuine, bleed-green fan with Celtic in his heart.
Encourage everyone you know to buy the single and get it as high up the charts this week as possible. You Have Yourself a Merry Little Christmas now.
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emusanorphan
00:32 on 10 December, 2012
Canamalar
She’s booked flights to London 24-26 May next year. She might be onto something!
________________________________________________________________________
http://www.youtube.com/watch?v=DiSQIbNxjcU
I noticed a couple of comments that mentioned that SPL clubs would get money because Celtic had made the knockout stages (Great news IMO). If that is the case, will SPL clubs continue to get money the further Celtic go in the competition?
I hope this is the case and I hope it will negate the disgraceful refereeing performances through pressure from the SPL Clubs.
We don’t need no stinkin huns.
Up early, nn & hh.
Today.
11 days
0 hours
12 minutes
2 seconds.
Aberdeen’s Ryan Fraser knocked back the contract offer from AFC. Fair enough. I doubt they can afford his worth. Sadly I hear he’s considering The Rangers as a next move.
Lenny should consider him as he’d be perfect alternative to James F.
petec
And you never mentioned David Moyes…..Oh dear :>)
The media tell the plebs what they think they want to hear, swalex and Jose have a mutual respect, swalex and the arsen man I honestly have no idea, and honestly couldn’t give a toss about.
When Lenny got the Celtic gig, I posted that we would lose him due to his endevours in the euro arena, I said that we would win the league in his first season in charge, and he would go on to euro glory, well, I was a season out, I never factored in the cheats with the whistles, and as I am one of their biggest critics, that pashes me off, big time.
he has risen up the managerial ladder this season, he is wanted, quite rightly so, and we will do well to hold on to him.
Much of his success is down to the scouts, and I would be worried that if Lenny goes, he will take JP with him.
But, whatever, that hopefully will be well into the future, and as it’a always said a week is a long time in politics :>)))))
Petec,
Thought it was the SPL that got the dough, can’t see it making any difference to the sfa, never has before.
Clean out required at the sfa before equality can be operated.
What a great week this has been for Celtic.
Maybe one of the best EVER.
Good Night & good luck.
kk,
How did you get on
cultsbhoy
the zombies are banned from signing players, unless under 18 or free agent. Not that that will stop them tapping him up.
hh
bjmac
Lenny has created a decent system and incredible culture, ethos and togetherness in the team. If we were to lose key players ( Fraser , Hooper. , Wanyama) I believe there are cheaper alternatives who would ensure the system and team continue to perform.
.. Obviously I’d rather keep the winning formula but I’m not afraid of losing any player. I’d worry if we lost Lenny tho..!!
Always worth applying March time…
http://uk.uefa.com/uefachampionsleague/ticketing/index.html
…especially this year.
Bjmac
He’s near the end of his contract.. Do would be a free agent, I understand.
He would be a free agent… Even!
Cults…,
Matthews ie better than Forrest, we’ve got young Dylan, let him waste his time slumming it if that’s the best his ambition can muster.
KK
I know fine well you are sound when it comes to the throwing your money away.
All I want to do, like every other mug, is not to throw away my money as quick as others do.
I try as best I can, I obviously realise that every game has three outcomes, the bookie has the advantage right away.
That’s why I suggested the draws thng a couple of years ago, and I know what you said about the double up thing, but it works if you are commited, and don’t gamble, cut your losses if needs be.
I know the bookies will win at the end of the day, but please FFs, give me a chance, I haven’t lost my pot for many years, I have managed to buy pressies for the wife and kids, all thanks to luck as you will tell me, not a bother.
The huns were well odds on yesterday, the Celtic were well odds on yesterday, many punters would have made a bob or two, me, never bet on Celtic pre match, but in play I do, I have a place here, all bought and paid for, no bills, apart from the every day things obviously, and it has been bought with the thanks to the bookies, obviously with a little insight that maybes I shouldn’t have had, and I hark back to my mate, who had the shop, all he wanted to know who wouldn’t win.
HH
Good Luck
Up the Junction at the Academy with Squeeze and the oul’ St Brendan’s FP tonight
Majic
Sunlight on the Lino CSC
THE EXILED TIM
Davie Moyes is an excellent manager and has never forgotten his roots and still helps the grass roots of the Clubs he has been at but next MU manager?
I really doubt that, I don’t think he is that good. ;) Neil is though and is way ahead of the curve. I’m just glad that the whole Establishment in Scotland made sure that Neil is unlikely to ever leave Celtic because of the bond that has been forged over the last couple of years.
Definitely off to bed now.
Tiocfaidh ár lá.
http://www.youtube.com/watch?v=RdI6ptbAME8
canamalar
00:51 on 10 December, 2012
That is not so good then.
I was very happy reading SPL Clubs getting money as Celtic progressed. The SFA is The Rangers so it is not good if what you say is correct.
Catch you later tonight if you are on.
Apprentice moonhowler signing of now :>)
take care and god bless Timland
HH
KTF
People on about when effe bombs forward, he leaves a hole.
When i played , if my ch ran past me (centre mid),
i or any other of my midfield partners, we filled in for him , until he got himself back into position.
Simples, easy game complicated by idiots.(as the old saying goes).
Newrad..,
Prexactly, be good to maybe give Efe a couple of tips for foraging, when to have a dig, when to stop running into players :oD))) there’s a few goals a season in it. Ask Roy Aiken
Nytol
Hail Hail
newradbhoy what about the channels, the zones, the flanks, the recycled ball, the attack line, the decision making, the tactical awareness, the strategical withdrawal?
You really must learn to flannel things out if you want to be taken seriously ;-)
foraging? digging?
Where’s Ray Mears when you need him.?
Proper tumbleweed time….
….ain’t nuthin’ goin’ on…
“I will permit no man to narrow and degrade my soul by making me hate him.” – Booker T. Washington
Hey, looky here….The Mafia is advertising on Universal Jobmatch. IDS must be desperate.
https://jobsearch.direct.gov.uk/GetJob.aspx?JobID=438479.
The msm go mental about Ferdinand but remain not-so-strangely silent about Murder F.C.’s antics.
https://mobile.twitter.com/__gally/status/277749877285474304/photo/1
In THE prospectus:
Imran Ahmed made t’rankers a £200K loan…..he charged the club a 50K fee for the loan and got his money back out in less than 6 months.
Where else could this happen?
Dodgy dodgy dodgy.
MIKI67
I’m just back from work and it looks like I didnae miss much-did you break the blog?
Good morning friends from a dry, crisp and clear skied East Kilbride. Hope the boys and girls that made it into town last night had a good time.
Good morning CQNers,
Dateline 14/10/11
“When asked by a shareholder if he regretted handing Samaras a three-year contract, Lennon said: “No, I don’t. The alternative was to let him leave for nothing.
“There was a lot of interest in him from other clubs. But he wanted to stay here and prove himself. So he is our player.
“I have to encourage him and eke the talent out of him because he has attributes. He is a player who could ultimately get me the sack.
“I am as much to blame as him for his performances but I can’t give up on him.”
Never mind his goals just the sight of Sami eagerly waiting to get on the park on Saturday and to see him urging the others on is something that confirms Neil Lennon’s courage in standing by him has been well rewarded.
This season’s champion’s league campaign has bonded the team together in a way they weren’t earlier this year and who knows where it’ll lead us.
Morning Celts awfy quiet, Monday right enough :>)
5 more working days and I’m offski, head down time.
V
Was traynor working for Shortbread at the weekend?
The slow process of establishing the truth continues………
http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/pat-finucane-murder-pistol-handed-back-to-british-army-by-ruc-16248170.html
My main worry with Efe and his runs forward, is that he thinks he is as good as The Caldwellinator . . . . . . .
Urcyl
Next thing he will be spraying the ball everywhere when he is trying to head clear!
Lurcy
For me, the last two performances have been Celtic’s best this season, for very different reasons.
My heart sank when I looked at Sat’s line-up, believing it to be yet another doomed 4-4-2 ‘what the hell’ job. Watching the way our players dominated the game you’d have to hope we see more of that 3-5-2.
Brown was absoloutely outstanding – the hustling approach we’ve come to expect from him was allied to some crisp, accurate passing – if he played half as well every week he’d be world class. Matthews seems to relish this set-up, where so much onus is placed on the wingbacks to get forward, while the strategy at the back suits Mulgrew down to the ground, in a role where he can combine his defensive qualities with his attacking instincts and eye for a pass, all anchored by Wilson’s no-nonsense style in the middle.
Hopefully we’ll see more of 3-5-2 this season – the players looked like very comfortable and played with real purpose.